Molybdenum – The multi-use alloy
Since it was discovered in the late 18th century, molybdenum has come to be used in numerous industrial products. Molybdenum is tough, durable and enhances steel in harsh environments where heat, pressure and corrosion are present. Due to its low toxicity, molybdenum is also a catalyst in energy production.
Uses for Molybdenum include:
- steel for wind turbine blades
- stronger pipelines for oil and gas
- stronger shipping containers
- critical components for water desalination plants
- catalysts to clean diesel
- catalysts to produce clean hydrogen energy
- natural fertilizer
- stronger steel for nuclear reactor walls
Molybdenum – The in-demand safe and strong metal
Molybdenum concentrate, or sulfide, is usually roasted and converted to an oxide. The oxide, known as Technical Molybdic Oxide, is a corrosion-resistant, steel super-alloy that is used in pipelines, off-shore drilling, aerospace manufacturing, ship building and tar sands. The use of such Advanced High Strength Steel (AHSS) increases safety and efficiency in construction, while acting as a catalyst, reducing sulfur content in diesel, and boosting crop yields by as much as 30%.
i.SOURCE: CRU Ryan’s Notes.
ii.CPM Group’s February 2016 Report and Roskill’s January 2016 Molybdenum report for projected real prices on 2015 real dollars. CPM Group data.